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Link Mobility Becomes Europe’s Newest Unicorn Startup

  • Firm, shareholders raise $653 million in stock offering
  • IPO is largest in Norway since Elkem’s debut in March 2018

Mobile messaging platform Link Mobility Group Holding ASA rose as much as 19% on its first trading day in Oslo amid surging demand for the company’s services as more people embrace e-commerce during the pandemic.

The stock climbed 11% to 52 kroner at 9:24 a.m. in Norway from the 47-kroner sale price of its 6 billion-krone ($653 million) initial public offering. The listing, the largest in the country since silicone producer Elkem ASA’s March 2018 debut, gives Link Mobility a market value of 12.6 billion kroner.